MARKET WRAP: Rand breaks four-day losing streak
JSE little changed along with global peers
15 May 2023 - 18:42
The rand broke a four-day losing streak on Monday, easing off record lows as concerns about relations between SA and US eased and sentiment improved.
The local currency gained more than 1.5% in intraday trading, touching a session best of R18.9898/$ on reports that Washington and Pretoria are working on patching up diplomatic relations after last week’s accusations that SA provided weapons to Russia...
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